FINANCIAL ADMINISTRATION RULES AND TRANSPARENCY IN NIGERIA

The public sector has been plagued with accusations of misappropriation of cash and this has continued to weaken thetransparency role of the government. Governments, in a bid to restore their image, have continued to put in placepolicies to curb financial leakages and improve transparency in the management of public funds. Hence, this studyexamined the effect of financial administration rules on transparency in federal Ministries, Departments, and Agencies(MDAs) in Ekiti State; specifically, the rules such as the treasury single account system, government integratedfinancial management information system, and integrated personnel payroll information system policies. The studyadopted the primary data method by administering the questionnaire. The study used a survey research design to gatherinformation. The population for the study is 253 heads and directors of federal ministries, departments, and agenciesin Ekiti State, while the sample size is one hundred and fifty (150) heads and directors of MDAs chosen throughpurposive sampling technique because study data were gathered directly from targeted respondents. The data wereanalyzed using descriptive and ordinary least square regression. The findings of the study revealed that a treasurysingle account with a p-value of 0.05 = < 0.05 had a positive significant effect on transparency. Government integratedfinancial information system with a p-value of 0.000 = < 0.05 had a significant effect on transparency and an integratedpersonnel payroll information system with a p-value of 0.000 = < 0.05 had a positive significant effect on transparency.The study established that treasury single account, government integrated financial information system, and integratedpersonnel payroll information system which are the variables used to measure financial administration rules doinfluence transparency. The study recommended that the government ensure that they maintain these financialadministration rules and that they have proved to have an impact on the government's cash-controlling potential andenhanced transparency and credibility of the government.